Obviously Rookie Salaries and 'no salary cap' are the two biggest issues...
But the other one is the '50% of revenue must go to the players'. That seems pretty arbitrary to me;why not just agree on salary structures and cap levels and then let owners make more than enough money to pay the agreed on salaries. If an owner finds a way to make more money....good for him. If a player wants more money, earn it. Simple.
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